The Ten Best States for Retirement
From Wealth Management:
- Wyoming – It has among the lowest tax burdens in the country; well below the national average for crime rates. Good weather; cool climate, summer nights are mild, few cold waves during the winter, humidity is also super low, making it the perfect place for retirees who don’t like stuffy summers.
- South Dakota – It has one of the lowest tax burdens in the country tying with Wyoming. It also scored well for overall happiness, particularly when it comes to social well-being.
- Colorado – It has great weather, ample sunshine and little humidity. It scores high for well-being in the Gallup-Healthways index and has a relatively low tax burden.
- Utah – It ranks sixth best in the nation for weather, lots of sunshine and low humidity. The cost of living is below the national average.
- Virginia – It has a low cost of living, and a low crime rate. The state also received above-average marks for health care quality and weather.
- Montana – The weather ranks above the national average. Montana ranks high for well-being; residents fell good about their community. Cost of living and taxes are below the national average.
- Idaho – It’s a safe place for retirees to settle down; cost of living and crime rate both ranked among the lowest on the list. Housing in Idaho is extremely affordable. Weather and recreational resources add to its appeal.
- Iowa – Quality health care is a big feature here along with a low crime rate and an affordable cost of living.
- Arizona – It’s warm with great weather; rarely a a cloud in the sky. It ranked in the top 10 in the Gallup-Healthways Index for overall wellness combined with a fairly low tax burden on its residents.
- Nebraska – It has a relatively low cost of living and a low crime rates. Residents here report being slightly happier than people in other states, based on the Gallup-Healthways Well-Being Index.
We’re fans of Virginia, our home state, but the others also sound interesting.
Korving & Company, LLC
Korving & Company is an investment management, financial advisor, and financial planning firm that specializes in working with retirees, couples who are serious about retirement planning, and women who have recently suffered the loss of a spouse.